Asset Values: The $199,999 Telephone Number

April 27, 2016

 

How much is a telephone number worth?  Well, the value of any asset depends on several different factors.  It seems, however, that even without being assigned to a famous person or being associated with a profitable business, certain area codes and certain digits demand high prices.  In my search for market data, I came across an online dealer of telephone numbers at phonenumberguy.com.  The website makes the following promise:   

 

We make things simple. You can buy a phone number, and then within days be using it on whatever phone you want.  It sounds easy because it is easy.

 

Since you're wondering - phonenumberguy.com also promises that this is 100% legit. 

 

On the site, phone numbers start at around $279.  Currently, the highest priced number for sale is (929) 999-9999 for $199,999.  This number has a New York City area code that covers The Bronx, Brooklyn, Staten Island, Queens, and parts of Manhattan.  My Atlanta-area telephone number looks like it might be worth at least $379 just because it has a 404 prefix.  (Unfortunately, my phone number also has the number one in it - so there go the vanity number opportunities.) 

 

I'm by no means the first person to find this subject or market makers like PhoneNumberGuy interesting.  In fact, The Washington Post did a very nice piece on the website and the practice of selling phone numbers just last year (here's the link).

 

I do want to make the point, however, that before dismissing business assets like phone numbers, etc. as having no value, take another look.  You may be sitting on a (404) FOR-TUNE.

 

ddevine@buckheadfmv.com

Please reload

Featured Posts

Physician Call Coverage Compensation Valuation: New 2020 Survey Released

June 30, 2020

1/10
Please reload

Recent Posts
Please reload

Archive
Please reload

Search By Tags